Further Development
Analyzing the current trading chart of BTC I found that there is test of the Fibo 100% expansion at the price of $56,600, which is sign for the potential downside rotation.
My advice is to watch for selling opportunities on the rallies with the downside targets at $49,750 and $46,325.
Stochastic oscillator is in overbought zone, which is another confirmation for further downside rotation....
Key Levels:
Resistance: $56,600
Support level: $49,775 and $46,325
